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Why Do So Many People Lose So Much at Horse Racing?

by Christopher Temple on 2007-09-24


The majority of punters lose money. You are probably one of them? In days gone by your losses invariably found their way into the pockets of the bookies, more recently a fair proportion will have been trousered by smart punters who use the betting exchanges to take you on. Today, even with an even chance against fellow punters, you and the other 98% still lose.

Why is this? There is a huge amount of useful data available to you, and with the advent of the personal computer you are able to freely download and process that data in order to help with your selections. Yet still you lose.

I maintain that it's the system you are using (if you are using a system at all). A good system makes all the difference. Once you come up with a system that actually works (and works for you - which is most important), you will be well on your way to long-term success.

It is widely believed that only experts and professionals can create, develop and perfect winning horse racing systems, this is simply not true. Almost anyone is capable of developing a wining horse racing strategy. Even those who know little or nothing about horse racing betting systems.

Could you be one? Well, it does take a calm, commonsense approach, and if you are not cool and logical, and are prone to bet on such unscientific parameters as a horse's name or the jockey's colours, then you are going to have to change your habits or continue to fail.

There is a very large amount of form-data surrounding each horse, and all of that data is readily available for you to make your selection. There is also a large amount of statistical data, and the best winning horse racing systems use some sort of combination of the two. The last and frequently the most important factor in any racing system is intuition, and this you can only acquire with experience. You can't pack it and sell it, and it's difficult to teach or transfer. You just need experience experience.

Form data relates not only to the horse you are interested in, (is it improving or not, does it like the conditions, does it like running after a long trip etc) but particularly to the form of the other horses. Just picking a horse which is coming into form and ignoring the knowledge that some of the other runners are also coming into form too, is folly!

Then there is data relating to other things like weather (is it going to rain, does he like heavy going), track (has he won here before, and if so -how long ago), quality and standing of the jockey, draw (is the horse drawn near the centre of the line or to one side, and if so is it the better side or will he be at a disadvantage there).

Also take into account the quality and recent form of the trainer - are his other horses doing ok too? Is he in the top 20 or (even better) top 10 trainer lists?

Another piece of information which is always wise to understand is how far the horse has travelled to take part in the race. A trainer is not going to subject his horse to a very long journey in a dark and heavy horsebox just to get some on-course training. No, if he is taking his horse a long distance (say 200miles in the UK), then he probably believes his horse has an excellent chance of winning (and his information must be better than yours).

Other random but important data includes the horse's age, sex, how long since its last race, its best distance compared to the distance it is running this time), and so on. The secret is in deciding which stat to take notice of, and how much importance to give to it in relation to the other stats you are using for your new system.

I conceive what I hope are winning horse racing betting systems, I also review and test other people's betting systems too. I can tell you with some certainty that many of the very best and most profitable racing systems now available were developed by gifted amateurs (well I suppose we're all amateurs really, you can't go to any college and learn this stuff).

To me, system-creation is an evolutionary process. I rarely start with a clean sheet (even when I try to). Invariably I use characteristics of other systems when I start out - however hard I try to avoid it. It is sheer madness to ignore what works well just so that I can claim that my new creation is totally new. In any case, users are not interested in totally new, they are only interested in totally profitable!

A final observation: - If I was to give a winning system to four testers and ask them to try it for a month, exactly as I designed it, they would return with radically different profits! Strange eh? However hard we try, even when using the most automatic of systems, any human interaction with that system leads to widely varying performance. But that is for another story

One conclusion I invariably come to after racing system tests, (and I have carried out many), is this: the biggest difference between a winning system and a losing system is the person who is actually using it!

If you would like to learn about my latest system, or look at my reviews and info on other horse racing systems, do visit my sites. They also contain a large amount of very useful and interesting horse racing articles, racing information and betting system resources.


About The Author: Chris Temple has a successful forex career. He writes titles about Forex, winning horse racing systems and on finding the best winning horse racing betting systems Click here for other unique winning horse race systems articles.